Proton eyes 50 pct stake in Italian bike maker

Newswire

KUALA LUMPUR, Oct 28 (Reuters) - Malaysian car maker Proton on Tuesday signed a letter of intent to study the feasibility of buying a 50 percent stake in Italian motorcycle maker MV Agusta Motor SpA. The stake will give Proton distribution rights and control of Agusta, the company said in a statement, which did not disclose financial details. "We will be looking into forming a very unique alliance between Proton and Agusta," the statement quoted Proton Chief Executive Officer Tengku ...

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